Hello Neighbors,
My apologies for the drop in blog activity.
We are just coming back up to speed after Strep Throat and Scarlet Fever ran through the household. Not much fun!
Blog activity will probably be slow until early December too, as we will be with family for Thanksgiving.
HAPPY THANKSGIVING to all of you!
Here's one bit of market data to keep you going...
In Sacramento County for the last month - 25.2% of home sales were funded with all cash. Roughly 27.6% of home sales were with FHA first time buyer type loan products.
39% of homes were bought with conventional loan products (likely using standards driven by FHA).
What does it mean?
A bit over half of the activity last month was a continuing battle between investors and first time Buyers.
I'm pulling for the first time Buyers!
Again, Happy Thanksgiving,
Jim
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